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, and that's a sure sign that the overall economy is doing the same, though it still has a long way to go. in fact, more homes could be sold this spring than in years. earl lee is president of prudential real estate affiliates. mr. lee, i know your company has done a little survey about all this. what did you find? > > one of the things we found was that home ownership is still a very important part of the american dream. in fact, 96% of our respondents replied it is a very essential part of what they are looking for in their lives. i think one of the reasons why that is really important is i think if we go back several years, there was a lot of information out there that we were going to become a nation of renters. and that obviously is not true based on our survey. > people certainly want to buy but economically, is buying a home still affordable? i know interest rates are down and so are home prices, but a lot of people aren't making as much money as they used to. > > that is true. i would say to you it depends on which sector. it also says that all real estate is local. clearly in m
this uptrend later today. > what is the stock market telling us about the economy? yesterday we had better-than- expected news coming from the labor market. jobs are being added. is that giving a boost to the market? > > you know, all signs point to that we are just in this low- volatility grind upward. i don't think the professional community - traders on the floor, brokers - really think that the economy is on solid footing yet. but, boy, if it does, if we do see a turnaround and gdp does start to pick up, who knows what then? > aren't you one of those traders who is seeing a rotation out of apple and into google? > > yeah. you know what, it is very interesting, because for about the last two weeks or so now, we have seen apple really hold major support at $425 - $420, $425. major support. and now maybe google is a little bit tired. so, where the people that had the flip side of that just two or three months ago, out of apple, into google, you are starting to see that rotation come to play now. > pleasure to have you on the show. thank you scott. > > take care angie. a former jp morgan e
economy. "to me it makes more sense if i'm strapped for cash to get the standard model, not the hybrid, 'cause for me it would take a very long time to pay off the hybrid just on gas." the average age of a vehicle has reached 11 years old, according to polk, an automotive research firm; and as consumers see washington's wrangling over spending cuts, the uncertainty of what's ahead keeps some away from the showroom. but others are coming through the door ready to upgrade. "buying a vehicle in the future, it probably won't change anything for me. my only concern is probably gas prices." "a lot of people do need new cars despite what happens in washington. people still need to replace their cars." reporting for first business news, i'm ky sisson. still ahead, as gold futures hover around $1,600 an ounce, a stock play in the gold sector that is around $38 is coming up in chart talk. in chart talk this morning we are taking a closer look at gold in the charts. and alan knuckman of optionshop joins us with that. good morning to you alan. as the stock market has been rising, gold futures have
are feeling more positive about the economy, about housing, jobs, even retail. >> on the floor of the pacific exchange, traders are are feeling the optimism, up on the 10th straight day. >> it instills confidence in other people and people jump on the bandwagon. it's a trending market and people are wanting to come back in. >> the dow has been setting record set highs since last week. today, the s, and p 500 also closed two points five of a record high. >> theyth the federal reserve -- they believe the federal reserve has done its just and are continuing to make sure the market has done its job. >> financial planner believes investors should take this as a sign of positive things to come, but big things happen when you chase trends. >> don't those money you otherwise wouldn't because the market went up for ten straight days. >> and not everyone is ready to trust the upward trend will continue. >> not necessarily invest, not until i see something really -- i bigger sign than something so small. >> if tomorrow the do you is up for an 11 straight day, it would be only the fourth straight time th
problem, because as the economy slows down, as long as the national recession lasts, it makes it harder and harder for municipal governments to balance their budget. > a lot of municipalities count on federal dollars that flow coming, and that is drying up too. so they are under stress. > > right. and that is why washington is important to everyone. it might seem like the sequestration is a problem in washington, but that money does come down to the states either through block grants or for transportation grants, and that money has to get squeezed out at the capital level, and it is going to be harder. the driver will be how long is the recession going to last, and how deep is it going to be? > if these cities you talked about and a couple of counties are basket cases, how are other cities that are having real stress problems dealing with it, because their big-budget item is what? employees. > > employees. right. so municipal government is a service enterprise, and when you have a service enterprise - police, fire, pave the roads, whatever it is - that implies employees, and when your l
they count on the events. >> it brings in a lot of money and helps the economy. >> what we want to do is make sure people know the event is happening this year. >>reporter: the new organizations say that the large festival will be scaled back. >> we're not going to have seven stages. what we're going to go is go back to the way it started. >>reporter: residents gathered this evening to help organize and raise money. >>> proposed ban on assault weapons has little chance of surviving. it will not be part of the initial gun control measure that will be debated this month. the senator was told today that the band will be offered as an amendment. it is expected to be met with solid opposition from republicans. >>> a new hand book has a death to the laws of war to cyber space. the manual was created at the request of a nato sink tanking to show how hospitals and neutral nations can be protected in the case of warfare. >>> apple today launch and update to its ios operating system. it fixes a flaw that allows unauthorized users to get around the password lock screen on iphones, ipads, and itouches. >
out, it ends and everyone goes back to partying. >>> we heard so much in this economy how cities have to cut services. the east st. louis fire department have to cut services to a degree you won't believe. there's a video that demonstrates it. this is from east st. louis. they have had it closed since 1988. a few years ago, they had 150 firefighters. currently, they have 53. in may, they may have to lay off 22 of them. now the national fire protection association recommends to respond to a house fire, they want five engines, two chiefs and 15 firefighters. currently, they have two engines and six firefighters. this video was put together to demonstrate the effect of having stations closed and not having enough firefighters to respond. later in the video, they have video from a helmet cam that captures some of what firefighters do. ♪ >> we contacted city leaders of st. louis to see what they are doing to respond to this budget crisis. we have yet to hear from them as of press time. via skype, we have the fire captain to talk to us. tell us what it's like to fight a house fire with th
of balance. my goal is how do we grow the economy. put people back to work and if we do that we're going to be growing the economy. >> paul ryan's plan is to eliminate obama care. >>> sources tell us that our report has persuaded the nfl to consider genetic tests for players. a health and science editor john fowler broke the story last month of a cheek swab test that its innovators say will show bio analysts for brain damage. roger goodell now says the league wants to learn more about those bio markers. thousands of players are suing the league charging they did not do enough to protect players. >>> in europe, a late winter storm shut down travel in several countries. europe's third busiest airport cancelled hundreds of flights and more cancellations are expected tomorrow. >> and in england hundreds of drivers were stranded for up to 10 hours on ice and snow covered highways. in fact, some drivers simply abandoned their cars which just added to all the problems. >> in china the number of dead figs found in a river in shanghai has doubled reaching 6,000. chinese officials say they're tes
proposed that idea, because he says it will boost the local economy. amber lee is live in the city tonight, where some people think extending last call will bring some big headaches. and not just for those who are drinking. >> reporter: frank, we're inside tupelo in the northeast. an area known for its vibrant nightlife. the question is how will it affect businesses and residents. every drink that's poured is money that flows into the economy. the owner of tupelo bar and restaurant says two additional hours of alcohol service will make a difference. >> to allow businesses to maximize their ability to have profits, and san francisco in general, i think has always been a place for people to come for nightlife. >> reporter: if passed, it would allow cities to partner with the state to come up with a plan that would include community input in allowing certain establishments to serve alcohol until 4:00 a.m. supporters say currently, there are at least 25 cities, including chicago, new york, and washington, d.c. which allow alcohol service beyond 2:00 a.m. >> if there were enough employees that
of money and it helps the economy. >> we want to do is make sure that people know that the event is happening this clear. >> reporter: the new organizers say that the large festival will be scaled back. >> we're not going to have seven stages. we'll go back to the way carnaval started. >> reporter: residents and business owners gatted at at this theater to organize, volunteer and offer to help raise money. in san francisco, rob roth, ktvu channel 2 news. >>> uc students hoping to earn degree credits online may not be able to after all. university of california faculty leaders announced their opposition to legislation that would allow public college students to earn credits online. the bill would allow students who can't get into overcrowded classes to take similar online courses from outside institutions. >>> state where sheman tom amemiano introduced legislation that would make policing cannabis laws the responsibility of california alcoholic bench control. it would provide a structure for medical cannabis cultivation, processing, testing and description. >>> a few light showers
Search Results 0 to 9 of about 10

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